Global News: Ottawa’s coronavirus deficit will take ‘many, many years’ to pay down: economist

July 5, 2020
Colin Wong

[EXCERPT]

The massive federal deficit created by the unprecedented coronavirus emergency response could take more than 10 years to get under control, one economist suggests.

In an interview with The West Block guest host Robin Gill, the B.C. Business Council’s chief economist, Ken Peacock, speculated that while some economic activity might normalize more quickly, the $260-billion federal deficit forecast by the parliamentary budget watchdog will not be under control for some time.

“That is going to take many, many years. It might be upwards of a decade before they get the deficit eliminated and start paying down the debt,” said Peacock.

Full Article.

Become A BCBC Member

LEARN ABOUT MEMBERSHIP
BACK TO TOP    

ADDRESS

Business Council of British Columbia
1050 West Pender Street, Suite 960
Vancouver BC V6E 3S7

CONTACT INFORMATION

Telephone: 604-684-3384
Media Contact: 604-684-3384
Email: info@bcbc.com

© 2023 Business Council of BC. All rights Reserved.

linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram